Loan against property growth shows sluggishness

Goods and services tax is seems to be affecting the growth in Loan Against Property (LAP) portfolio. The growth in LAP portfolio of major financiers slowed down to 17 per cent in FY2017, down from 30 per cent in FY2016 respectively, according to an ICRA report. ICRA expects delinquencies to rise by 50-100 basis points […]